Shan Xi Hua Yang Group New EnergyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shan Xi Hua Yang Group New EnergyLtd has a total shareholder equity of CN¥35.0B and total debt of CN¥23.8B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are CN¥76.9B and CN¥41.8B respectively. Shan Xi Hua Yang Group New EnergyLtd's EBIT is CN¥4.5B making its interest coverage ratio 11. It has cash and short-term investments of CN¥10.6B.
Key information
68.1%
Debt to equity ratio
CN¥23.84b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥10.62b |
| Equity | CN¥35.03b |
| Total liabilities | CN¥41.83b |
| Total assets | CN¥76.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600348's short term assets (CN¥14.5B) do not cover its short term liabilities (CN¥20.7B).
Long Term Liabilities: 600348's short term assets (CN¥14.5B) do not cover its long term liabilities (CN¥21.1B).
Debt to Equity History and Analysis
Debt Level: 600348's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: 600348's debt to equity ratio has increased from 35% to 68.1% over the past 5 years.
Debt Coverage: 600348's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 600348's interest payments on its debt are well covered by EBIT (11x coverage).